Answer:
2.68
Explanation:
Data provided in the question:
Reported net sales = $4,502,400
Reported net income = $1,510,000
Reported average total assets = $1,680,000
Now,
The the asset turnover is calculated using the formula as
Asset turnover = ( Net sales ) ÷ ( Average total assets )
or
Asset turnover = $4,502,400 ÷ $1,680,000
or
Asset turnover = 2.68 times
There are different kinds of market. The option that is not a reason perfect competition is a useful simplification, despite the diversity of market types we find in the world is that;
- There are many buyers and many sellers in all types of markets.
<h3>What leads to perfect competition?</h3>
Firms are known to be in perfect competition due to;
- When many firms produce identical products.
- When there are plenty buyers available to buy the product, and and also plenty sellers are available to sell the product, etc.
Firms are said to be in perfect competition when a lot of firms produce the same type of products and also these firms can do business in the market without any kind of restrictions.
Learn more about perfect competition from
brainly.com/question/1051446
The Subdivided Lands Law requires a subdivision developer to obtain a public report from the Real Estate Commissioner before offering any lots for sale.
A Commissioner is basically a member of the Commissioner or a person to whom duties are delegated. In practice, the title of commissioner has evolved to include various senior officials, often on specific committees.
Persons with Assignments: Etc. a: Committee members. b: A representative of a government agency of a district, state, or other entity, often having both judicial and executive powers. c: Officer in charge of a department or office of public service.
If the date of this order is more than one year before he and the agent ex officio change the order. An order by an attorney to refuse to interfere shall not be considered an order prejudicial to a judge.
Learn more about Commissioner here
brainly.com/question/8798942
#SPJ4
